CURVNYSERetail-Apparel & Accessory StoresFiscal year ends January 31
Torrid Holdings Inc.
Financials through Q2 FY2026, quarter ended Aug 1, 2026Last filing: 10-Q on Sep 10, 2026
$2.25−0.10 (-4.26%)
Close on Oct 19, 2026
- Market cap
- $225.48M
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2018 to 2025
Gross margin
34.8%+0.1 pts over 5 years
Operating margin
2.1%−3.6 pts over 5 years
Net margin
-0.7%−3.2 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -9.4% | -8.1% | +0.3% | – | |
| Gross profit | -15.8% | -8.9% | +0.4% | – | |
| Operating income | -62.6% | -40.5% | -17.7% | – |
Returns and balance sheet
8 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2018 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | -30.9% | 3.5% | |
| Return on assets | – | – | -1.6% | |
| Current ratio | – | 0.93 | 0.78 | |
| Debt to equity | – | -3.24 | -1.28 | |
| Net debt to EBITDA | – | 0.89× | 4.39× | |
| Interest coverage | – | 2.7× | – | |
| Inventory turnover | – | – | 4.6× | |
| Capex to revenue | – | 1.2% | 0.9% | |
| Diluted shares | – | 110M | 101M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Torrid generated $307.71M from operations and spent $165.30M on capital expenditure, dividends and share buybacks. 55% of that went back into the business.
Generated
$307.71M
Used
$165.30M
Capital expenditure$90.17M55%Dividends$00%Share buybacks$75.14M45%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-0.7%
×Asset turnover2.25×
×Equity multiplier-2.20×
=Return on equity, FY20253.5%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -0.7% | 2.25× | -2.20× | 3.5% |
| FY2024 | 1.5% | 2.29× | -2.40× | -8.1% |
| FY2023 | 1.0% | 2.29× | -2.27× | -5.3% |
| FY2022 | 3.9% | 2.33× | -2.26× | -20.6% |
| FY2021 | -2.3% | 2.12× | -3.82× | 18.6% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
1of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero-$7.03M
- Cash generatingOperating cash flow above zero-$13.01M
- Return on assets improvedROA up on the prior year3.4% → -1.4%
- Earnings backed by cashOperating cash flow above net income-$13.01M vs -$7.03M
- Less leverageLong-term debt to assets fell55.8% → 64.0%
- Better liquidityCurrent ratio rose0.86 → 0.78
- No dilutionShare count did not rise106M → 101M
- Gross margin improvedGross margin up on the prior year37.46% → 34.79%
- More efficientAsset turnover rose2.31 → 2.05